Net Asset Value (NAV): The NAV reflects the underlying holdings' market value. WNDY.US's price closely tracks its NAV.

Supply and Demand: Higher demand for WNDY.US shares can increase its price, while increased selling pressure can lower it.

Market Sentiment: Overall investor optimism or pessimism regarding renewable energy or specific geographies can affect WNDY.US.

Expense Ratio: The fund's management fees and operating expenses can slightly reduce its overall return and thus influence its price indirectly.

Index Tracking: WNDY.US aims to replicate its benchmark index's performance. Any deviation in tracking can impact its price.

Trading Volume: Higher trading volume usually indicates more liquidity and potentially more price stability.

Interest Rates: Changes in interest rates can affect valuations of companies within the ETF's portfolio, influencing its price.

Currency Fluctuations: If WNDY.US holds international assets, currency exchange rates can affect its dollar-denominated price.

Political and Regulatory Changes: Government policies and regulations impacting the wind energy sector can affect the value of the ETF's holdings.

Economic Conditions: Broader economic trends, such as inflation and GDP growth, can influence the performance of companies in the renewable energy sector.